November business inflation expectations rise to 2.0 percent over next year

In the November survey:

• Inflation expectations: Firms' inflation expectations increased to 2.0 percent over the year ahead.
• Current economic environment: Sales levels improved somewhat, and profit margins were roughly unchanged over the month.
• Quarterly question: Sixty-one percent of respondents expect labor costs to put upward pressure on prices over the year ahead. Fifty-six percent of respondents expect nonlabor costs to put upward pressure on prices over the year ahead. The majority of firms expect sales levels, productivity, and margin adjustments to have little or no influence on prices over the year ahead.

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